2026 Q2 10-Q: revenue rose 15% to $7.38bn and operating income was $680m. Take the deferred tax asset out of equity and $1.06bn remains. That asset arrived two quarters ago alongside a $2.78bn tax benefit
Carvana (CVNA) reported revenue of $7.38bn for the second quarter of 2026, up 15% on the prior quarter, with operating income of $680m. On the balance sheet of the same date, $2.97bn of the $4.03bn of total equity is a deferred tax asset — 73.7% of it.
Carvana buys and sells used cars over the internet. Revenue and operating profit both grew this quarter. Most of the company's book equity, though, is a recorded right to pay less tax in future. That right arrived on the books all at once two quarters ago and is now shrinking a little each quarter.
51 Filing score · Moderate
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A recorded right to pay less tax in future. It is defined in the glossary.
It depends on what the equity is made of. This quarter's composition is tabled in the subscriber section.
What is deducted between the two is set out in the subscriber section.
Its growth rate against revenue growth is in the subscriber section.
On SEC EDGAR, open Carvana Co.'s 2026 second-quarter 10-Q (accession 0001690820-26-000055) and read the balance sheet and income tax note.
Open the filing cited at the bottom of the article (e.g. the 10-Q note number) on SEC EDGAR via the link at the end of the article.
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